The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system.

April 30May 31InventoriesRaw materials$48,000$62,000Work in process11,20023,300Finished goods68,00045,600Activities and information for MayRaw materials purchases (paid with cash)220,000Factory payroll (paid with cash)365,000Factory overheadIndirect materials25,000Indirect labor90,000Other overhead costs130,000Sales (received in cash)1,500,000Predetermined overhead rate based on direct labor cost80%

Determine whether there is over or underapplied overhead.